AvaTrade - Analytics

    AvaTrade

    237.25 8.75/10
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    GBP/USD- uptrend is weak

    The GBP/USD pair is trading above its upward trend line on a 4 hour time frame. The volatility for the pair is low as it is trading within Bollinger band and close enough to its moving average. In terms of trend, as long as the prize stays above its upward trend line, the bias could be two words the upside

    The MACD and the RSI indicators are showing negative divergence which means that while the prize is making a higher high, the indicators are not confirming this.

    Screen Shot 2015-02-17 at 07.02.54

    Important zones

    1.4937- 1.5023 Support

    1,5630- 1.5554 Resistance

     


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